(Answered) Use the concept of opportunity cost to explain the

Economics

Use the concept of opportunity cost to explain the following situations:

1) More people choose to get graduate degrees when the job market is poor.

2) More people choose to do their own home repairs when the economy is slow and hourly wages are down.

3) Convenience stores, which have higher prices than supermarkets, cater to busy ?people.

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Macroeconomics, Economics

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